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What Are Altcoins?

• Altcoin is basically an acronym for Bitcoin Alternative and refers to the digital cryptocurrencies that have been derived from the Bitcoin.
• There are countless Altcoins all over the world and the new ones keep coming every now and then.
• Most of them are the hard fork version of Bitcoin with little modifications and offer certain enhancements and features on top of it. Litecoin, Ripple, Dash, and Monero are some popular Altcoins that are being used all over the world for digital payments online. Like Bitcoin, all these cryptocurrencies are decentralized entities that make use of a state-of-the-art technology based on Blockchain.